“This consolidated quarter net income is an all-time high for Apex Mining. We consistently look at maximizing revenue through increased production output and minimizing cost through prudent spending,” Apex Mining President and Chief Executive Luis R. Sarmiento said.
Its Maco mine’s gold production climbed by 14% to 23,715 ounces in the second quarter while its silver output rose by 29% to 99,645 oz. “In the second quarter, metal prices were higher by 3% for gold but lower by 17% for silver,” Mr. Sarmiento said, adding that the peso “was also weaker [but] our sound fundamentals protect us from shocks.”
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